Standard Engineering Clarifies GScale Acquisition Details

Standard Engineering Technology Ltd has provided clarifications to the National Stock Exchange regarding its proposed acquisition of up to 51% of GScale Energy Private Limited. The company clarified that the approximately 4 lakh square feet of operational infrastructure is held by GScale on a leasehold basis, with sub-lease agreements being executed. Additionally, the reference to "486 MW delivered and 1 GW+ under execution" pertains to the prior experience of GScale's Founder and MD, Mr. Kasu Brahma Reddy, and his team in the AI Datacentre engineering industry, not projects executed by GScale itself. This experience was a key rationale for the acquisition.